The latest announcement is out from Red Light Holland ( (TSE:TRIP) ).
Red Light Holland reported its financial results for the third quarter of 2025, highlighting a cash balance of $13.3 million and a revenue of $1.2 million for the quarter. Despite a slight decline in quarterly revenue due to lower wholesale mushroom sales and a returned purchase order from Costco Canada, the company achieved a year-over-year revenue increase of 5.1%. The company also reduced its EBITDA loss, reflecting its commitment to sustainable growth and strategic partnerships. Red Light Holland’s diversified portfolio and upcoming partnerships, including a re-order with Costco Canada and a new purchase order with a major U.S. retailer, position it for continued success in the emerging legal psilocybin market.
More about Red Light Holland
Red Light Holland Corp. is an Ontario-based company engaged in the production, growth, and sale of functional mushrooms and mushroom home grow kits in North America and Europe. It also offers a premium brand of psilocybin truffles to the legal, recreational market within the Netherlands, in compliance with applicable laws.
YTD Price Performance: 6.67%
Average Trading Volume: 130,056
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.65M
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